cl-nz logo
Story image

Acer NZ reports decreased revenue but boosted profits for FY19

01 Jul 2020

Acer Computer New Zealand has reported revenues of $45.02 million for financial year 2019 (FY19) – a slight decrease from $49.5 million in FY18.

The dip in yearly revenue was offset by an 89% increase in operating profit, increasing from $232,344 in FY18 to $440,741 the following year. 

Total profit and comprehensive income was $344,168 – a significant increase from $59,856 from FY18.

Cash and cash equivalents, however, dipped in FY19, dropping 16% from $6.3 million in FY18 to $5.5 million last year.

Total assets also fell 8% year-on-year, from $25.9 million in FY18 to $24 million last year.

Total equity for the company totalled $6.9 million in 2019, a 5% increase from the prior-year period which was $6.5 million.

Total liabilities decreased for Acer NZ, dropping from $19.3 million in 2018 to $17.1 million in 2019, representing an 11% decrease year-on-year.

Acer Computer NZ is incorporated and domiciled in Auckland, which in turn is owned by parent company Acer Incorporated, located in Taiwan.

The report covers financial results only from activities occurring in 2019, and as such, the financial impact of COVID-19 was not reflected in the report. 

However external reports have been released outlining sales output for Acer Inc., which showed that the company weathered the storm to a greater extent than some of its competitors.

IDC reported that the company shipped close to 3.4 million PC units in the first quarter of this year. By pulling in inventory ahead of the shutdown in February, the company was able to negate some of the ill effects of the supply disruption, IDC said. 

A strong gaming portfolio, as well as success in the Chromebook market, helped the company rise up the ranks.

Canalys reported in April that Acer’s Q1 2020 worldwide market share for desktop, notebook and workstation shipments was 5.8%, ranking fifth in the list of vendors. This was down from a 6.1% market share from Q1 2019.

Acer NZ’s financial results come a week after Acer launched its new Enduro range of rugged laptops and tablets, in a move seen as a challenge to compete with the likes of Dell and Panasonic, which are dominating that market.

The laptops and tablets are targeted at emergency and first responders, as well as field and manufacturing workers in need of durable and reliable technology in hostile conditions. US Military Standard and Ingress Protection ratings are expected for the new suite of offerings.

Story image
IBM NZ appoints practice lead for new Cloud Advisory Practice
Donald Long brings more than 30 years of IT experience in New Zealand and South Africa, in cloud consulting and architecture and client service roles.More
Story image
Businesses struggling to achieve cloud migration in wake of COVID-19
Cloud adoption has increased due to the COVID-19 pandemic, but businesses are struggling to meet their cost and performance needs due to migration challenges, new research finds.More
Story image
The retailer safety guide for the world of online shopping
Are you an online retailer? This guide details the threats that you need to be aware of to keep safe in the biggest ever year of online shopping.More
Story image
Webinar: TLC for Kids on their usage of Nintex Drawloop DocGen
The charity is using the software to free up resources and enable its team to focus on its mission — which, simply put, is to put smiles back on sick kids’ faces. It does this through its TLC Ambulance, Rapid TLC, and distraction box programs, and its services are used over a million times each year across Australia.More
Story image
Hybrid cloud is the ideal IT infrastructure model, says majority of IT execs
76% of surveyed IT decision-makers reported thinking more strategically about IT because of the pandemic, and nearly half (46%) have increased investments in hybrid cloud as a direct result of COVID-19.More
Story image
Nutanix hires two new channel leads for ASEAN region
It comes as Nutanix experiences particularly strong growth in the region, including 125% year-on-year growth for Nutanix in Singapore, and 44% year-on-year growth in Indonesia in financial year 2020. More